Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/royal-energy-to-acquire-control-of-rhino-resource-.shtmlRoyal Energy to acquire control of Rhino Resource Partners
Royal Energy Resources, Inc. has entered into a Securities Purchase Agreement with Wexford Capital, LP, and certain of its affiliates (collectively, 'Wexford'), under which
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Royal Energy Resources, Inc. has entered into a Securities Purchase Agreement with Wexford Capital, LP, and certain of its affiliates (collectively, 'Wexford'), under which Royal agreed to purchase, and Wexford agreed to sell, a controlling interest in Rhino Resource Partners, LP in two separate transactions.
Pursuant to the Purchase Agreement, Royal purchased 6,769,112 Common Units of Rhino from three holders for total consideration of $3,500,000.
